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Australia's property market

Western Australia’s property market holds strong during COVID-19

Western Australia’s property market is holding its own, seemingly unperturbed by the COVID-19 pandemic gripping the country. Amid the unprecedented impacts of coronavirus, Perth agents say it’s yet to impact the local housing market, with an influx of sales including a Dalkeith mansion that sold for $14 million last week. Director of IQI Australia Lily Chong, says…

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Mainland Chinese investment in Australian real estate surged by 16%

Mainland Chinese investment in Australian real estate surged by 16% according to the latest data from the governmental Foreign Investment Review Board. Chinese invested AU$7.1 billion in Australian residential and commercial real estate in the year 2019-20, up from $6.1 billion a year earlier. Including Hong Kong, Chinese investment totalled $9.5 billion. “Australia depends on foreign investment…

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Chinese buyers ready to purchase Thai properties despite challenges

Despite a new wave of Covid-19 cases in Thailand, Chinese buyers are prepared to purchase Thai properties in the second half of 2021, driven by the expectation of distributing vaccines and reopening inbound tourism. Kashif Ansari, co-founder and chief executive of Juwai IQI Group, said Thailand remained the top destination in terms of interest among Chinese…

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